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Author Question: _____ is the ratio of an economy's output to its stock of labor and capital. a. Productive capacity ... (Read 177 times)

DelorasTo

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on: Jun 30, 2018
_____ is the ratio of an economy's output to its stock of labor and capital.
 a. Productive capacity
  b. Multifactor productivity
  c. Marginal product of labor
  d. Workforce productivity
  e. Total factor productivity

Question 2

For a given increase in price, the greater is the elasticity of supply, the greater is the resulting
 a. decrease in quantity supplied.
  b. decrease in supply.
 c. increase in quantity supplied.
  d. increase in supply.


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Expo

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Reply #1 on: Jun 30, 2018
Answer to Question 1

e

Answer to Question 2

c


DelorasTo

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

ghepp

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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